WealthTech

Digital banks are on the rise Down Under. However, competing with the big four banks won’t be a walk in the park.

Australian startup Fresh Equities has announced a successful $4m funding round, which will be used to help public companies communicate more effectively with their investors. The company has rebranded itself as InvestorHub, and aims to use data-driven insights to help listed companies communicate with their shareholders and potential investors.

Having nabbed a Swedish banking licence, neobank Nortmill is gearing up to add saving accounts, cards and payments transfer to its existing customer offering in the near future.

ZaraFX, a cutting-edge CFD Forex broker, has proudly announced the completion of a significant milestone in its journey, securing over $2m in Series A funding.

The California-based subscription billing platform Recurly has closed a new funding round led by F-Prime Capital, the venture capital firm.

Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.

London-based FinTech unicorn Revolut has launched in Singapore after a long beta period and already has 30,000 customers in the region.

Brazil-based SmartMEI has secured an undisclosed funding round from Accion Venture Lab and Canary Ventures.

Georgia’s first fully digital bank has signed a partnership with payments titan Visa.

NatWest has launched its new digital bank Bó, offering customers the ability to manage their daily spending, set budgets and goals, and track progress.